Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: Benny Baga who wrote (5866)	6/1/1999 11:10:00 AM
From: Ron S	Respond to of 20297

I certainly feel blame is justified. This is a day when TBFC's buyout by EGRP at a large premium points out the value of ebanking and ebilling. There are so few players in this space, this announcement should be very beneficial to Checkfree as people recognize both their enhanced buyout value and the value of its business model. If Merrill can't get this across its vast retail and institutional network, it shouldn't be given the $5 million banking fee.

To: Benny Baga who wrote (5866)	6/1/1999 11:27:00 AM
From: R.Gluck	Read Replies (1) \| Respond to of 20297

.........well, it just so happens that I have some crackers left over. bg

To: Benny Baga who wrote (5866)	6/2/1999 1:15:00 PM
From: TLindt	Read Replies (2) \| Respond to of 20297

>>>>Why do they need this capital? WE MAY BE UNABLE TO EFFECTIVELY MANAGE THE SIGNIFICANT UNALLOCATED NET PROCEEDS FROM THIS OFFERING. We will have a significant amount of net proceeds from this offering that we have not allocated to a specific use. Our failure to apply these proceeds effectively could have a material adverse effect on our business, financial condition and results of operations and, therefore, the market price of our common stock. We will have broad discretion in how we use the net proceeds of this offering, which may include general corporate purposes, such as increased expenses associated with expansion of our products and services to a broader market, additional customer care needed for the expected growth from the Internet portals, new sales and marketing initiatives, and potential acquisitions. See "Use of proceeds." 16 USE OF PROCEEDS We expect to receive approximately $105,147,150 (approximately $128,623,313 if the underwriters exercise their over-allotment option in full) from the sale of the 2,350,000 shares of common stock offered by us at an assumed public offering price of $47.07 per share, and after deducting the underwriting discount and estimated offering expenses payable by us. We expect to use the net proceeds from this offering for working capital and general corporate purposes, including expansion of our services to a broader market and potential acquisitions. Accordingly, we have broad discretion in the allocation of the net proceeds from this offering. Pending such uses, we expect to invest the net proceeds from this offering in short-term income producing investments. While we engage in discussions relating to potential acquisitions from time to time, no such transaction is contemplated as of the date of this prospectus. We will not receive any proceeds from the sale of common stock by the selling stockholders. See "Selling Stockholders." investquest.com